ISLAMABAD, May 29 (APP):Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Thursday held a meeting with the

KARACHI, May 29 (APP): The total liquid foreign reserves of Pakistan stood at US$ 16,636.7 million as of May 23 while the reserves held by the State Bank of

ISLAMABAD, May 29 (APP):Minister for National Food Security and Research, Rana Tanveer Hussain on Thursday held a meeting with a delegation of the Pakistan

ISLAMABAD, May 29 (APP): Advisor to the Finance Minister Khurram Schehzad on Thursday said that the government would present the federal budget 2025-26 on

LAHORE, May 29 (APP): Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain inaugurated the three-day 20th Plastic and Packaging Industry

The U.S. Supreme Court has given the green light to Utah’s Uinta Basin Railway project, backing a narrower interpretation of environmental review laws and potentially clearing the path for a major expansion in oil transport capacity.

Kazakhstan is evaluating bids from China and Russia for its first nuclear power plant construction, with cost and technological factors playing key roles in the decision.

China is increasingly investing in clean energy projects in Africa, positioning itself as a key player in the continent's energy sector and contributing to global climate goals.

Kazakhstan has informed OPEC that it does not intend to reduce its oil production, Russia’s Interfax news agency cited Kazakhstan’s Deputy Energy Minister Alibek Zhamauov as saying on Thursday.

OPEC+ meets on June 1 and the outcome could help determine whether oil prices rebound from their recent sell-off to around four-year lows or fall even further. At their last meeting on May 3, the group reaffirmed its April decision to increase production…

Energy – Sentiment improves for now

French oil major TotalEnergies TTE said on Thursday it agreed to sell its 12.5% stake in the Bonga oilfield offshore Nigeria to Shell SHEL, the field’s operator, for $510 million.

Middle East crude benchmark spot premiums of Oman fell sharply on Thursday to their lowest since December, while those of Dubai and Murban marginally gained.

OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July.

While India’s growth rate is ahead of China’s, Indian volumes aren’t anywhere near the Chinese boom in consumption that began in the early 2000s.

OPEC+ is expected to modestly raise July production targets by 411,000 bpd, but actual output increases will likely be smaller due to overproduction adjustments and operational issues in some countries.